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Enterprise Layer Intelligence
Categories/Tax & Accounting/Punchcard
Punchcard

Punchcard

Founded 2024

Organize audit tasks and prepare source-linked workpapers with reasoning

You can use Punchcard to organize client document requests, manage audit tasks, and prepare workpapers. The built-in assistant, CoAudit, tests evidence and pulls contract details to create audit schedules such as ASC 842 lease amortizations. It performs revenue cutoff testing, flags accounting misstatements, and cross-checks financial statement disclosures for internal consistency. Every task bundles instructions, files, and citations in one view, allowing your audit team to review automated work while keeping final judgment human.

What Punchcard does

Extract lease details from contracts to build amortization schedulesTest sales transactions against shipping terms for proper cutoffCheck financial statement tables for footing and crossfooting errorsVerify footnote amounts match balance sheet and income statement numbersCollect and organize client audit evidence in structured punchcardsDraft adjusting journal entries for accounting period reclassificationsGenerate source citations linked directly to uploaded audit evidenceSource-linked workpaper preparation with citations and reasoningAutomated ASC 842 lease amortization schedule generationRevenue cutoff testing against shipping terms and general ledger entriesFinancial statement mathematical footing and crossfooting checksInternal consistency verification across notes and financial statementsStructured client request tracking and PBC managementDirect integration across Excel, Word, and audit punchcards

Frequently asked

Microsoft ExcelMicrosoft ExcelMicrosoft WordMicrosoft Word

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Punchcard, CoAudit, audit management, workpaper preparation, PBC requests, revenue cutoff testing, ASC 842 amortization, audit workflow, substantive testing, financial statement review